Singapore Stock Market News
Regional Plantation - Bearish Outlook
StockFanatic
Publish date: Wed, 06 May 2015, 10:25 AM
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| Mr Dorab Mistry (Pic Credits : Bloomberg.com) |
His outlook for palm oil took a big turn from bullish to bearish in just two months due to:
a) supply shock from a stronger-than-expected recovery,
b) disappointing demand,
c) narrowed spread between soybean oil and palm olein, and
d) delay of Indonesia's biodiesel mandate.
Maintain MARKET WEIGHT.
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